Inching slowly towards a deal

The shape of a possible agreement on restructuring for Ireland is emerging - slowly but surely, writes Cliff Taylor.

15th September, 2012
The Minister for Finance, Michael Noonan, with Kikis Kazamias, his Cypriot counterpart, at the meeting of EU finance ministers in Cyprus on Friday.

Deal or no deal? The government is likely to get a deal on restructuring the part of our national debt relating to the banking bailout. What is far from clear, however, is when this deal might come - or, more importantly, how significant it will be. Ministers and official sources continue to be guardedly optimistic - the mood of private sector analysts, meanwhile, ranges from cautious to downright sceptical. So what's at stake, and how...

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